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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2012
ACQUISITIONS [Abstract]  
Estimated acquisition date fair values of the consideration transferred and identifiable net assets acquired
While the initial accounting related to the 2012 Acquisitions is not complete as of the filing date of this Form 10-Q, the following table depicts the Company's estimated acquisition date fair values of the  combined consideration transferred and identifiable net assets acquired in these transactions (in thousands):

 
 
 
 
 
 
 
 
 
 
 
 
 
Measurement
 
 
Acquisition-Date
 
 
Acquisition-Date
 
 
Period
 
 
Fair Values
 
 
Fair Values
 
 
Adjustments
 
 
(As adjusted)
 
Cash and cash equivalents
 
$
2,991
 
 
$
-
 
 
$
2,991
 
Accounts receivable
 
 
3,750
 
 
 
-
 
 
 
3,750
 
Inventories
 
 
1,061
 
 
 
-
 
 
 
1,061
 
Other current assets
 
 
90
 
 
 
-
 
 
 
90
 
Property, plant and equipment
 
 
502
 
 
 
-
 
 
 
502
 
Intangible assets
 
 
30
 
 
 
-
 
 
 
30
 
     Total identifiable assets
 
 
8,424
 
 
 
-
 
 
 
8,424
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
 
(1,702
)
 
 
-
 
 
 
(1,702
)
Accrued expenses
 
 
(1,736
)
 
 
-
 
 
 
(1,736
)
Notes payable
 
 
(216
)
 
 
-
 
 
 
(216
)
Income taxes payable
 
 
(264
)
 
 
-
 
 
 
(264
)
Deferred income tax liability, current
 
 
(70
)
 
 
-
 
 
 
(70
)
Other long-term liabilities
 
 
(216
)
 
 
-
 
 
 
(216
)
     Total liabilities assumed
 
 
(4,204
)
 
 
-
 
 
 
(4,204
)
     Net identifiable assets acquired
 
 
4,220
 
 
 
-
 
 
 
4,220
 
     Goodwill
 
 
17,965
 
 
 
-
 
 
 
17,965
 
     Net assets acquired
 
$
22,185
 
 
$
-
 
 
$
22,185
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash paid
 
$
22,138
 
 
 
40
 
 
$
22,178
 
Deferred consideration
 
 
47
 
 
 
(40
)
 
 
7
 
     Fair value of consideration transferred
 
$
22,185
 
 
$
-
 
 
$
22,185
 
 
Unaudited pro forma consolidated results of operations information
The following unaudited pro forma consolidated results of operations assume that the acquisition of the 2012 Acquired Companies was completed as of January 1, 2011 (dollars in thousands except per share data):

Three Months Ended
Nine Months Ended
September 30,
September 30,
2012
2011
2012
2011
Revenue
$77,497$77,846$222,161$232,707
Net earnings
2,8141,2136,2964,457
Earnings per Class A common share - basic and diluted
0.220.090.490.35
Earnings per Class B common share - basic and diluted
0.240.100.540.39